CATL announces major progress in electric batteries

The Chinese CATL manufacturing giant, the largest battery supplier for global electric cars, said on Monday that it had made technological advances that would allow it to produce cheaper, lighter, faster recharge and more cold batteries, while offering a wider range of practices.

Most changes, which are a few years old to be widely available in new cars, could make electric cars more competitive in price and performance with petrol models.

CATL – Its full name is the contemporary Amperex Technology Company Ltd. – Produce a third of batteries and supplies of global electric cars 16 of the largest car manufacturers in the world, including General Motors and the Tesla Shanghai factory. Its main rivals for the global market are byd in Shenzhen, China, which manufactures approximately a sixth of the global batteries of electric vehicles, almost entirely for its own cars, and manufacturers of Korean and Japanese batteries.

CATL leaders spoke during a press conference before the Shanghai car show, which begins on Wednesday. The choreographed event spoke of the launch of a new car model.

The batteries represent at least a third of the cost of an electric car, making Catl a critical player in the EV supply chain in China and beyond. Many car manufacturers have looked nervously if Catl will one day try to establish its own car brand which could overshadow their own models.

Catl’s biggest surprise was an advertisement on the auxiliary batteries for electric cars. The batteries would share space in the car sub-body, where there is currently only one large battery.